Vermont § 48 Excess insurance, proceeds

Vermont Statutes

§ 48 — Excess insurance, proceeds

Vermont § 48

Title 9Title 9: Commerce and Trade

Ch. 4Chapter 004: Interest

This text of Vermont § 48 (Excess insurance, proceeds) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 9, § 48 (2026).

Text

If a loan is paid before its due date as the result of the death of a borrower insured under a creditor life insurance policy and the insurance proceeds exceed the amount owing on the loan with interest, the excess shall be refunded to a beneficiary designated by the borrower, or to the estate of the insured, or applied in reduction of the debt. (Added 1967, No. 377 (Adj. Sess.), eff. March 26, 1968.)

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If a loan is paid before its due date as the result of the death of a borrower insured under a creditor life insurance policy and the insurance proceeds exceed the amount owing on the loan with interest, the excess shall be refunded to a beneficiary designated by the borrower, or to the estate of the insured, or applied in reduction of the debt. (Added 1967, No. 377 (Adj. Sess.), eff. March 26, 1968.)

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Vermont § 48, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/4/48.